Provisioning rules eased for broker, merchant banks

Bangladesh Bank (BB) has halved banks' general provisioning requirement to 1.0 per cent against their loans for brokerage firms, stock dealers, and merchant banks.

"It has been decided that banks will have to maintain a general provision of 1.0 per cent on unclassified amounts for loans to Brokerage House, Merchant Banks and Stock Dealers," as per a BB circular issued on Thursday.

It would be effective from 30 March this year, reports BSS.